The US government is not contemplating blocking Chinese companies from listing shares in the US “at this time”, US Treasury spokeswoman Monica Crowley told Bloomberg over the weekend, in response to media reports that Washington is considering removing Chinese companies from US stock exchanges. “But such measures, if taken, would have only limited impact on Chinese firms and markets. Chinese companies listed in the US – which are outstanding performers in the country’s fast-growing economy – would be welcomed by other bourses if they were forced to delist from US exchanges, Xue said. “If the US stock exchanges excluded Chinese companies, it would mean the exchanges could also exclude companies from other economies,” he said, which would divert them from the US. Bloomberg also reported on Friday that the US administration is considering blocking US government pension funds from investing in the Chinese market, as well as placing investment limits on Chinese companies included in stock indices managed by US firms.

Source: The Express Tribune October 01, 2019 03:45 UTC